Depositary Receipts (ADR/GDR)

With even beleaguered BTA now turning a profit, the future looks a little brighter for Kazakhstan's banks. But with bad loans still weighing on balance sheets, the hard work isn't over yet. Tim Burke reports.

As the CEEMEA region continues to see groundbreaking capital-market deals, investment banks are keen to win a bigger share of that business. Tim Burke talks to divisional heads at banks that achieved just that during the first half of the year.